Unemployment in Latvia

Latvia Unemployment | Economic News & Forecasts

Latvia - Unemployment

Latvia’s economy encountered significant headwinds at the beginning of this year, following a solid, domestic demand-led expansion at the end of last year. Annual growth plummeted to a two-and-a-half year low in the first quarter, according to preliminary estimates. The deceleration was chiefly driven by a significant downturn in investment activity growth amid feebler dynamics in the construction sector, as well as by near-stagnant industrial production, which was weighed on by contracting electricity, gas and heat supply. Turning to the current quarter, frail dynamics appear to have carried over from Q1. Economic confidence fell to a nine-month low in April, largely due to deteriorating sentiment in the industrial, construction and services sectors, which more than offset higher confidence in the retail trade sector.

Latvia - Unemployment Data

2013  2014  2015  2016  2017  
Unemployment Rate11.9  11.9  9.9  9.7  8.7  

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Latvia Unemployment Chart

Latvia Unemployment
Note: Unemployment in % of active population.
Source: Central Statistical Bureau of Latvia.

Latvia Facts

Bond Yield0.550.0 %Jun 30
Exchange Rate1.130.65 %Jun 13
Stock Market1,0790.17 %Jun 13

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